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How do sociologists know if the sample they are using is representative?
Inputs/Outputs
In economics and business, inputs refer to the resources used in the production process, while outputs are the goods or services produced.
Expected Net Present Value
The anticipated value in today's terms of future cash flows from an investment minus the initial investment cost, considering various possible outcomes.
Industry Standard
The generally accepted requirements, practices, or criteria within a particular industry or sector.
Expected NPV
The anticipated net present value of an investment, taking into account the probability of different outcomes.
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